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South32 Ltd. (OTCMKT:SOUHY) Seasonal Chart

SOUHY Relative to the S&P 500
SOUHY Relative to the S&P 500

SOUHY Relative to the Sector
SOUHY Relative to the Sector

Monthly Seasonal South32 Ltd. (OTCMKT:SOUHY)

Seasonal Chart Analysis

Analysis of the South32 Ltd. (OTCMKT:SOUHY) seasonal charts above shows that a Buy Date of August 27 and a Sell Date of December 29 has resulted in a geometric average return of 17.79% above the benchmark rate of the S&P 500 Total Return Index over the past 5 years. This seasonal timeframe has shown positive results compared to the benchmark in 5 of those periods. This is an excellent rate of success, but the return underperforms the relative buy-and-hold performance of the stock over the past 5 years by an average of 2.56% per year.

The seasonal timeframe correlates Poorly with the period of seasonal strength for the Materials sector, which runs from November 20 to May 5. The seasonal chart for the broad sector is available via the following link: Materials Sector Seasonal Chart.

A word of caution: Only 5 years of data is available for shares of SOUHY, perhaps insufficient to create a seasonal profile that accurately gauges the seasonal tendencies influencing the investment. Ideally, while 20 years is preferred, at least 10 years of data is required to perform a seasonal analysis that is considered to be reliable for future seasonal periods.

South32 was born of the demerger of noncore assets from BHP in 2015. South32 comprises BHP’s former aluminium and manganese businesses and the South African energy coal and New South Wales metallurgical coal businesses. It also owns the Cannington silver/lead/zinc mine in northwest Queensland and the Cerro Matoso nickel mine in Colombia. Cannington silver mine and manganese operations deliver high returns but have relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade, and likely low-cost Hermosa deposit in the U.S. The South African thermal coal assets are to be disposed of.

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